Triplex with Large
For Sale
$325,000
131 Ash St, Myrtle Point, OR 97458
Three-unit residential property with a large shop, yard, porches, and parking near a city park.
Property Size2,876 SF
Price / SF$113
Days on Market9
Property Features for 131 Ash St
General Information
Standard status
Active
Size
2,876 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR, 2 x 1BR
Multifamily Units
3
Amenities
porches
Building Details
Year Built
1909
Listing Agency:
Pacific Coast Real Estate & Development, LLC
(541) 217-7710
Listed By:
Joseph Aguirre · License #201012096
Source:
Wisser
Added: Aug 22
Changed: Aug 29
Last Checked: Aug 25 at 5:51AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pacific Coast Real Estate & Development, LLC
Investment Insights
Based on property information with market context.
Built in 1909, this 2,876-square-foot triplex combines three residential units with a substantial on-site shop. The main-level apartment includes two bedrooms, hardwood flooring, and a bay window. Two additional one-bedroom apartments are located upstairs, each measuring approximately 750 square feet. Porches and a yard provide outdoor space, while the newer roof adds a recent building improvement.
The property occupies a corner lot at 131 Ash St in Myrtle Point, adjacent to the city park. A 26X32 shop includes a loft area and is accompanied by ample parking, creating useful space beyond the apartments.
The property occupies a corner lot at 131 Ash St in Myrtle Point, adjacent to the city park. A 26X32 shop includes a loft area and is accompanied by ample parking, creating useful space beyond the apartments.
Key Highlights
- Three‑unit property totaling 2,876 square feet
- Main‑level 2‑bedroom apartment with hardwood floors and bay window
- Two upstairs 1‑bedroom apartments of approximately 750 square feet each
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,976
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.99%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$519,520
$519.5K
Cap Rate 7%
$371,086
$371.1K
Cap Rate 9%
$288,622
$288.6K
Market Conditions
NOI Build-Up for 2,876 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$39.7K $13.80/SF
− Vacancy
−$2.6K −$0.90/SF
EGI
$37.1K $12.90/SF
− OpEx
−$11.1K −$3.87/SF
NOI
$26.0K $9.03/SF
Area
Coos County, OR
Vacancy
6.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$519,520
Cap Rate 7%
$371,086
Cap Rate 9%
$288,622
Alternative Uses
Best Use
Multifamily LT 5
$371.1K
$324.7K – $432.9K
NOI $25,976 @ 7.0% cap · market cap 7.99%
Second Best
Apartment 5plus
$344.1K
$301.1K – $401.5K
NOI $24,088 @ 7.0% cap · market cap 7.41%
Theoretical Best
Office A
$520.6K
$455.6K – $607.4K
NOI $36,445 @ 7.0% cap · market cap 11.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
182
Businesses Nearby
Explore this area
Business Placement
Demographics for 97458, OR
4,729
Population
2,376
Households
2
Avg Household Size
50
Median Age
13%
College-Educated
90%
High-School Grad
360.9 sq mi
ZIP Area
13
Density / Sq Mi
$51,703
Median Household Income
$41,406
Median Earnings
$800
Median Rent
$251,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit residential property with a large shop, yard, porches, and parking near a city park.
Where is this triplex located?
The property is located at 131 Ash St Myrtle Point, OR.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Three‑unit property totaling 2,876 square feet; Main‑level 2‑bedroom apartment with hardwood floors and bay window; Two upstairs 1‑bedroom apartments of approximately 750 square feet each
